Rcapital has backed the management buy-out of global content agency Splash News, previously owned by SilverHub Media.
The new management team of John Churchill, CEO, Danny Hayward, Director of Global Content and Simon Bridger, Global Digital Solution Director, will work in partnership with the Rcapital team to invest and develop the Splash News business which was established in 1990. The growth strategy will focus on the US, UK, Australia and Germany where the agency already has an established footprint.
The global team at Splash has a wealth of experience. The UK editorial team is led by John Edwards, former picture editor of the Sun Newspaper, and Ian Down, former picture editor of the Daily Mirror. The USA editorial team is led by Aaron St Clair and Mat Sanchez who have been with Splash for many years. Splash works with over 2000 photographers and videographers and has close relationships with print, web and TV media owners around the world, selling over 500 exclusive images each month.
John Churchill, CEO of Splash News said: “Today’s announcement marks an exciting new era for Splash News. Rcapital’s support brings with it financial stability and a wealth of expertise when it comes to growing businesses.”
Chris Campbell, Investment Director at Rcapital said: “Splash News has a great track record and reputation. The management team has a clear vision for the future and our support to help them deliver sustainable growth.”
Rcapital was introduced to the opportunity by Grant Thornton, with legal advice provided by Pinsent Masons. Management were advised by Eversheds with FRP Advisory and Marriott Harrison acting for the vendors.